Wow, I am psyched. Tomorrow, the recent rumors will come to fruition as Peter Windsor and Ken Anderson of Formula 1 fame are announcing at 12 noon, their intentions and plans to create a US based American Formula 1 team that will be located here in North Carolina USA near Charlotte in NASCAR country. Apparently, they have been working on plans for the team for over 4 years and they are targeting 2010 to have a team on the starting grid with at least 1 American driver in an American built car. They point out that the time has never been better to enter F1 as the global economic crisis has put the series in a cost cutting mode which will allow them to do more with less. Their annual budget is targeted for $60 million. I certainly look at this news with high hopes though I imagine the task will be extraordinary given the cost and competitiveness of the current F1 field. Consider that last season, both Ferrari and Honda spent over $200 million each. My first thought is what engine will be powering their car in 2010? Here is a interview from Sunday when Peter Windsor joined Dave Despain on Windtunnel. I remember meeting Peter coming out of a bar in Indianapolis back in 2006 during the GP weekend. Now let me go set the DVR for tomorrow.
Update:
Ken Anderson and Peter Windsor held a press conference with SpeedTV to announce their new teams and answer questions from the press.
No sooner did USF1 make their name and plans known to the world than Bernie Ecclestone demanded they remove F1 from the name since he owns the rights to it. The team has since been renamed USGPE (for US Grand Prix Engineering). I guess it will be business as usual for Bernie and his treatment of our new US team.
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